Credit Crunch, ETFs, Oil, and Apple
Bloomberg Intelligence
00:00
The Fed's Reverse Repossession Facility and the Debt Ceiling
Lending and liquidity have been declining significantly in the last couple of months. As that Treasury account is built back up through the issuance of Treasury bills, now there's going to be a disproportionate impact on other Fed liabilities. If bank deposits have dropped over, obviously, substantially so far this year, bank reserves and Fed have actually increased. The Dow was up 700 on Friday. Everybody knew on Friday this Treasury issuance is coming. And this is the third lie that media and analysts are pushing.
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